Best Fixed Deposits with Highest Interest Rates in 1 Year to 5 Year Tenor

1. Tamil Nadu Power Finance DF

Tamil Nadu Power Finance and Infrastructure Development Corporation Limited is wholly owned by the Government of Tamil Nadu. It has been registered with RBI as a non-banking financial company. It raises funds through various attractive deposit schemes. As it is supported by the government of Tamil Nadu, the FD are safe. It offers non-cumulative fixed deposits and cumulative fixed deposits. It offers the maximum interest rate of 8.50% to senior citizens and an interest rate of 8% to general citizens for FD for the duration of 4 years.

2. Shriram Finance DF

2. Shriram Finance DF

Shriram Transport Finance Company or STFC was incorporated in 1979 and is registered as a deposit taking NBFC with the Reserve Bank of India under Section 45IA of the Reserve Bank of India Act, 1934. STFC decided to finance the very neglected little truck owner. It offers commercial vehicle loans, deposits, working capital loans, life insurance and business loans. Currently, it offers fixed deposits at the maximum interest rate of 8.40% to senior citizens and 7.9% to general citizens for a term of 4 years.

3. Bajaj Finance Ltd FD

3. Bajaj Finance Ltd FD

It is the main branch of Bajaj Finserv Limited and has become one of the most diversified NBFCs in the Indian market. It has the highest national credit rating of AAA/Stable for long-term borrowings, A1+ for short-term borrowings, and FAAA/Stable and MAAA Stable for its FD program. Thus, the deposits remain safe. Currently, it offers the highest interest rate of 7.65% to senior citizens and 7.40% to general citizens for a term of 3 years.

4. Jana Small Finance Bank FD

4. Jana Small Finance Bank FD

Jana Small Finance Bank Limited (Jana Small Finance Bank) is one of India’s leading small finance banks in terms of assets under management and size of deposits as of March 31, 2020. Jana Small Finance Bank has the second largest portfolio the most geographically diverse with a pan-Indian presence among all small financial banks in India as of March 31, 2020 (Source: IRR Report). Seniors can get the best interest rate at 8.15% and general citizens can get the best rate at 7.35% for a 3 year term. It has the highest AAA rating, rated by ICRA and CRISIL.

5. GNP HFL DF

5. GNP HFL DF

PNB Housing Finance Limited (PNB Housing) is a housing finance company registered with the National Housing Bank (NHB). It was incorporated under the Companies Act of 1956 and commenced operations on November 11, 1988. PNB Housing is promoted by the Punjab National Bank (PNB). It has received CARE AA/Stable rating so your deposits are safe. Seniors can get the best interest rate of 7.50%, while general citizens can get a maximum interest rate of 7.25% for the 5-year term.

6. Utkarsh Small Finance Bank FD

6. Utkarsh Small Finance Bank FD

Utkarsh Small Finance Bank is a small finance bank in Varanasi. It was established in 2009 with a mission to financially empower the low income group. The best interest rate it offers is less than 700 days to 1000 days. Senior citizens can get an interest rate of 7.75% for a term of one year, while ordinary citizens can get the interest rate of 7.25% when they open a FD with the bank .

7. Suryoday Small Finance Bank FD

7. Suryoday Small Finance Bank FD

Suryoday Small Finance Bank is a new age bank which was commissioned on 23rd January 2017. It is one of 10 companies and the only one in Maharashtra to have obtained a Small Finance Bank license from the Reserve Bank of India (RBI) . The bank offers the best interest rate in the term of 999 days. It offers an interest rate of 7.99 to seniors and 7.49% to citizens in general.

8. RBL Bank

8. RBL Bank

RBL Bank is one of India’s leading private sector banks with a growing presence across the country. The Bank offers specialized services in five lines of business, namely: Corporate and Institutional Banking, Commercial Banking, Branch and Corporate Banking, Retail Assets, and Treasury and Markets Operations. financial. It offers the best interest rate in the duration of 15 months. Senior citizens can get an interest rate of 7.15% while general citizens can get the interest rate of 6.65%.

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